BLOCK OF 12 STRATA UNITS WITH DEVELOPMENT UPSIDE (STCA)

Panoramic views to Sydney Heads
6 storeys with FSR 2.2:1 (STCA)
12 units to be sold in one line
Modern block of 12 strata units comprising 6 x 2 bedrooms and 6 x 1 bedrooms to be sold in one line. The property occupies an elevated corner position on the sought after Balmoral Slopes with panoramic water views to Sydney Heads. Prime location, just one block to the Military Road retail strip and Spit Junction, with Balmoral Beach nearby.

Excellent investment opportunity with the potential for further development under the newly gazetted NSW Low + Mid Rise Housing Reforms which allows for 6 storeys with a 22 metre height limit and a floor space ratio of 2.2:1 (STCA). Given the property's prime position overlooking Balmoral, it would present an ideal opportunity for a prestige residential development (STCA).

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